Question for Mr. Singer
Is there a statute of limitations for an ex-employer to recover training costs? Is it reasonable to receive a letter to recover training costs after three years time?
By the way, I for one trully appreciate your efforts and dedication. You are consistently a voice of reason, unfortunately, we could use a few more...
Jones contracts have been enforced in our area by brokers who have left and Jones has actually won many of the cases. In all cases, Jones went after the brokers who violated the contract further by sending out ACAT's to the client the day they left. All the brokers went to wires and the wires just paid Jones in a settlement. None of the brokers had to pay. I saw three cases go this way last year in my old "region". The brokers just took the advice of the new firm and they were told in advance they (the wirehouse) would cover any costs or settlement fee.
Since you are at Jones I'd assume you are asking about them?
At this point Jones has Bigger Fish to FRY......LIKE THE STATE OF CALIFORNIA...........
Jones IR's are leaving at the fastest rate in history, Jones always stated segment 4 IR's just don't leave, well there is another false statement, I wonder if 3 Mill Bill Hill said that one?
Since Edward Jones had been on such a recruiting Frenzied, and was recruiting everyone's Brokers, I wonder how that relates when other Firms go after Jones IR's, what is their defense, we can do it because we are the most HONEST FIRM OUT HERE, as long as you don't read the "WSJ" it's a RAG anyway !
So, much for that tune, Jones has still not told their clients about their Fines for Fraudulent Acts, have they ?
To Bill Singer:<?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Thank you very much for your insightful and informative feedback on this forum. I learned a lot reading you. I am new in the Financial industry and don’t know so much about the standard procedures before someone can be hired.
Is it standard to ask applicants to answer questions such as such as date of birth, place of birth, maiden name, graduation dates and so forth on pre-hiring paperwork?
Is it standard to go through a background check before you get an offer?
Is it fine to be asked if I am citizen or to show any proof before I even started?
I am a US Citizen for about 13 years. I have a clean U4 and I never went through so much scrutiny in my life before getting a firm offer.
I am very puzzled about the whole thing.
Any feedback would be very appreciated.Thank you!
Thank you Bill for taking the time to respond to my email. I guess the whole thing was too new to me <?:namespace prefix = v ns = "urn:schemas-microsoft-com:vml" /><?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> I felt my privacy invaded.
Again, thank you for your input.
Thank you Bill. I understand what you say. I will overcome the uneasiness. I lived in 3 different continents since I was a kid, due to my father's career and I am guessing that it may have been the reason why it took them so long to approve my prehiring papers. This was tough on me because the hiring branch started to question my background and my eligibility.
After all things considered, you are correct that times have changed since 9/11 and unfortunately, the scrutiny in our private life will not stop regardless of our status (US Citizens or Aliens).
Thank you for clarifying the process.
Will the "doctrine of unclean hands" and the decision from the US Appeals Court concerning the reps who departed H&R Block make it easier for reps to get out from under the employment contracts, and non-solicitation clauses that we are all under when we make a change in B/Ds.